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Difficult to disagree with your strategic argument Eldwick, and many other posters have made similar points in the past. Casp have tended to ignore this advice, however, and I think may be tempted to reinstate the divi when the shallows cash comes in, particularly if Boaty gets another charter, or there is any new well success.

The current sp values the company at $102m. They are getting nearly that amount from selling the shallows and they also own boaty, other licences and drills, so on an asset basis it's undervalued.

If they returned to a dividend of £1m a month, then that would represent a return of 12%. The sp would probably double.

However this is Mr BWM's point. Unless they create a stable profit flow and, just as important, cashflow, they will not be able to re-instate the dividend. Until there is a realistic prospect of this occurring, the sp will remain low.

I believe the concert party are interested in getting to this point, and, as others have pointed out, have put themselves into a tax efficient position to implement a dividend. They just haven't quite got to the point where it is viable yet. That is what I am waiting for - news that will make a dividend possible and reliable.

Oh well, I tried.

Somm, Mr. Cautious, I think the truth lies somewhere between the two of you. AIM shares are not for the faint of heart, and there is considerable risk involved. For those with the nose for it, money can be made by trading. If Covid and the Ukraine war had not come along, the sp would undoubtedly have been higher.

We are currently waiting for news again, and whenever that happens the sp tends to slide. Deep success, as always, will be game changer. Repeat boaty charters likewise. Extended licences would help.

While we are wating for all that, could you please up the politeness a tad?

Please play nicely, children

The share rose to 8p when they put in a regular dividend. It won't go back up without that being reinstated. The sale of the shallows provides the basis for proper investment in the deeps, and new fields, but without success, any dividend would not be sustainable. Boaty also provides income for a regular dividend, but only with repeat charters.

We may get a special dividend, but that won't shift the share up, except for a brief period.

CASP still has great potential, but we need the kind of results which lead to regular dividends to start moving up again

And 150k unknown 4p just before the close. The purchases(?)are getting smaller.

Another 300k unknown at exactly 4p at 11.31. The order must be nearly filled now/

The introduction of the dividend put us on track for a rising sp, but unfortunately cashflow issues meant that this had to stop. Now that the cashflow issue is being resolved, it is possible that, not only a special dividend, but a more regular dividend will be re-instated.

The tax efficient location of the concert party's shareholding, referred to in recent posts, was organised to ready CASP to pay dividends. I am reasonably confident that they will resume in 2025

I checked back on coffee posts and they seem to have been removed. I think he may have offended LSE moderation in some way. Who would have guessed?

Wondered where you were Smarty. I never understood fishing, but each to their own!

Ambiguity, I think you calculated the sale at 3.1c. Pound dollar conversion gets just under 2.5p, hence valuing the residual company at 1.5p rather than 1p.

Both valuations are, of course, ridiculous. The income stream from boaty, other drilling services, diversification into wind and mining, and deep prospects, far outweigh this valuation, although, to be fair, it is difficult to eatimate at present by how much.

Paatience, as always, and also ffs improve the quality of the RNSs!

Another 750k unknown at preceisely 4p at 9.55

The half million "unknown" at 9.19 matches the earlier million in price, a suspiciously round 4p with purchases of £20k and £40k exactly. Possibly these were purchases and the MMs needed to get the price down to achieve this?

The million "unknown" that has just popped up belatedly timed at 8.00.41 priced at 4p must have been a sale at that price and time. This explains the sp movement this morning I think.

The surge of buying at the open was followed by a large offload, but more has been bought than sold this morning. It may take a little while for the market to assess the news.

There may also be more positive news in the pipeline

It appears that the market doesn't like the news and we are back in the threes. Xpublican may be right, and there is stock hanging around that people are now deciding to offload.

If I am correct about the $72m inflow of cash, that is just short of tuppence ha'penny a share. The remaining business is therefore being valued at around a penny ha'penny.

Just over $16m of the approximately $88m is "the transfer of historic costs". Does this mean that the additional cash flow into CASP will be $72m?

Middle of the road RNS. The licence extension makes sense but doesn't resolve matters. The 803 bopd is less than some of the wilder speculation.

Another RNS before too long on the sale of shallows. In the mean time I think this RNS should steady the ship and keep us out of the threes, and maybe even a small drift back up.

This is CASP. Give it till Friday

Wouldn't want to be out of this over the winter!